### [2026-11-3](/feed/2026/11/3/index.md)

##### 2026 Iran war fuel crisis
# The Reserve Bank of Australia raises its benchmark interest rate by 0.25 percentage points to 4.85%, its highest level since 2008, citing persistent inflation and rising energy costs associated with the Iran war. 




### Sources:

1. [AFP via France 24](https://www.france24.com/en/live-news/20261103-australian-central-bank-lifts-key-interest-rate-to-18-year-high)

### Related:

1. [The Bank of Canada raises its policy interest rate by 25 basis points to 2.5%, its first increase since July 2023, citing persistent inflation driven partly by higher oil and gasoline prices linked to the Iran war. ](/feed/2026/10/28/the-bank-of-canada-raises-its-policy-interest-rate-by-25-basis-points-to-25-its-first-increase-since-july-2023-citin.md) _Context: 2026 Iran war fuel crisis, Iran war, inflation, interest rate_
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5. [The Bank of Japan raises its benchmark interest rate by 0.25 percentage points to 1.25%, the highest level since 1995, citing inflation pressures from rising energy costs and a weak yen, and signals further increases. ](/feed/2026/09/18/the-bank-of-japan-raises-its-benchmark-interest-rate-by-025-percentage-points-to-125-the-highest-level-since-1995-c.md) _Context: inflation, interest rate_
6. [The European Central Bank raises its three key interest rates by 0.25 percentage points, lifting the deposit rate to 2.50%, as higher energy prices linked to the Iran war increase inflation pressures across the eurozone. ](/feed/2026/09/10/the-european-central-bank-raises-its-three-key-interest-rates-by-025-percentage-points-lifting-the-deposit-rate-to-25.md) _Context: inflation, interest rate_
7. [In the U.S., Spirit Airlines ceases operations following a failed government bailout deal and oil price surges amidst the Iran war. ](/feed/2026/05/2/in-the-us-spirit-airlines-ceases-operations-following-a-failed-government-bailout-deal-and-oil-price-surges-amidst-th.md) _Context: 2026 Iran war fuel crisis, Iran war_
8. [A fire at the major Viva oil refinery near Melbourne, Victoria, Australia, halts its gasoline production. ](/feed/2026/04/16/a-fire-at-the-major-viva-oil-refinery-near-melbourne-victoria-australia-halts-its-gasoline-production.md) _Context: Australia, energy_
9. [Philippine president Bongbong Marcos suspends excises on kerosene and liquefied petroleum gas to reduce household fuel costs amid rising global oil prices linked to the Iran war. ](/feed/2026/04/13/philippine-president-bongbong-marcos-suspends-excises-on-kerosene-and-liquefied-petroleum-gas-to-reduce-household-fuel-c.md) _Context: 2026 Iran war fuel crisis, Iran war_